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Course Details

Advanced Data Analysis

Location
London, UK
Date
From Date: 15-Dec-2025   
To Date: 19-Dec-2025
Duration
5 days
Language
English
Discipline
Purchasing, Inventory, Storage, Logistics, Supply & Wareshouse Management
Introduction

This course focuses on the techniques and applications statistical data analysis.  Typically, focuses on understanding the data, empirical model building using observational data for characterization, estimation, inference and prediction.  Participants will study the theory, principles and methods for statistical analysis of observational data. Regression analysis, Parameter Estimation, and Testing of Hypotheses will be the primary tools to be discussed. Participants will develop empirical model building skills and be able to employ the models for characterization, estimation and prediction purposes.

 

While statistical techniques are emphasized throughout, the course has a strong engineering and management orientation. Guidelines are given throughout the course for selecting the proper type of statistical technique to use in a wide variety of product and non-product situations.

Objective

On successful completion of the course you will be able to:

  • To give the participants a sound understanding of the principles and the basis for applying the basic principles of modern statistical methods for analyzing the data and make the correct inferences.
  • To perform data analysis and/or data investigation for what perspective.
  • To use data analysis results and turns it in attractive presentations for decision making processes.
  • To define the key concepts in Statistics and Sampling
  • To enable the attendees to grasp the advanced information in various aspects of basic data analysis.
  • To present different techniques of statistical data analysis
  • To introduce the concept of regression analysis and statistical modeling to participants.
  • To illustrate study cases for different applications of statistical data analysis
Audience

Engineers and Senior Engineers/Specialists working in technical areas (Field and Headquarters) dealing with production or maintenance activities. Planning Engineers with technical background, Reliability Engineers, etc… This course is also intended for engineers in various industrial and service sectors, private and public fields that need a tool to plan for the future of their company. Strategic planning managers, research and development managers, general managers, and can be tailored according to company’s specific needs.

Content

DAILY OUTLINE

The following topics will be covered in 3 days:

INTRODUCTION & BASICS

Introduction

Types of Data: Measurement & Categorical Variables

Measurement scales

Variables

Parameters

Statistics:

o Descriptive Statistics

o Inferential Statistics

Accuracy And Precision

Summation Notation

Confidence Intervals

Exercises

UNIVARIATE DATA

Central Tendency

???? Mean

???? Median

???? Mode

Spread

???? Range

???? Semi-Interquartile Range

???? Variance

???? Standard Deviation

Shape

???? Skew

???? Kurtosis

Graphs

Exercises

BIVARITE DATA

Scatter plots

Pearson’s Correlation

Example Values of r

Exercises

 

PROBABILITY

Simple & Conditional Probability

Probability of (A and B) and (A or B)

Binomial Distribution

Exercises

NORMAL DISTRIBUTION

Definition

Standard Normal Distribution

Conversion to Percentiles and Back

Exercises

SAMPLING DISTRIBUTION

Definition

Sampling Distribution of the Mean

Standard Error

Central Limit Theorem

Difference Between Means

Proportion

Difference Between Proportions

Exercises

POINT ESTIMATION

Overview

Characteristics of Estimators

Estimation Variance

Exercises

CONFIDENCE INTERVALS

Overview

Mean, σ Known

Mean, σ Estimated

General Formula

Difference Between Means of Independence Groups: σ Known; σ Estimated

Linear Combination of means from Independent Groups

Exercises

LOGIC OF HYPOTHESIS TESTING

Ruling Out Changes as an Explanation

The Null Hypothesis

Steps in Hypothesis Testing

The Precise Meaning of the p Value

At What Level is H0 Really Rejected

Statistical and Practical Significance

Type I and II Errors

One- and Two-Tailed Tests (t-tests)

Confidence Intervals and Hypothesis Testing

Exercises

HYPOTHESIS TESTING WITH STANDARD ERRORS

General Formula

Tests of μ, σ Known

Tests of μ, σ Estimated

μ1 - μ2, Independent Groups, σ Estimated

μ1 - μ2, Dependent Groups, σ Estimated

Linear Combination of Means, Linear Combination of Means, Independent

   Groups

Proportions

Differences Between Proportions

Exercises

POWER & *P VALUE

Introduction

Factors Affecting Power

o Introduction

o Size of Differences Between Means

o Significance Level

o Sample Size

o Variance

o Other Factors

Estimating Power

*P Value

Exercises

 

ANALYSIS OF VARIANCE (ANOVA)

Preliminaries

ANOVA with 1 Between-Subjects Factor

Tests supplementing ANOVA

Formal Model

Expected Mean Squares

Exercises

PREDICTION

Introduction

Standard Error of the Estimate

Partitioning the Sums of Squares

Confidence Intervals and Significance Tests for Correlation and Regression

• Simple Linear Regression

 • Multiple Linear Regressions

Exercises

 

TRAINING OUTCOME

  • To give the participants a sound understanding of the principles and the basis for applying the basic principles of modern statistical methods for analyzing the data and make the correct inferences.
  • To perform data analysis and/or data investigation for what perspective.
  • To use data analysis results and turns it in attractive presentations for decision making processes.
  • To define the key concepts in Statistics and Sampling
  • To enable the attendees to grasp the advanced information in various aspects of basic data analysis.
  • To present different techniques of statistical data analysis
  • To introduce the concept of regression analysis and statistical modeling to participants.

To illustrate study cases for different applications of statistical data analysis

 

NOTE:

Pre & Post Tests will be conducted

Case Studies, Group Exercises, Group Discussions, Last Day Review & Assessments will be carried out.

 

………………………………………………………….

Certificate

Define Management Consultancy & Training Certificate of course completion will be issued to all attendees.

Methodology

A highly interactive combination of lecture and discussion sessions will be managed to maximize the amount and quality of information, knowledge and experience transfer. The sessions will start by raising the most relevant questions, and motivate everybody finding the right answers. The attendants will also be encouraged to raise more of their own questions and to share developing the right answers using their own analysis and experience.

 

All attendees receive a course manual as a reference.

 

This interactive training workshop includes the following training methodologies

30% Lectures

30% Workshops and work presentation

20% Group Work& Practical Exercises

20% Videos& General Discussions

Fees
$6,500 per participant for Public Training includes Materials/Handouts, tea/coffee breaks, refreshments & Lunch

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